Reuters report The report also says the White House is in limited communications with members of Venezuela’s military urging them to abandon Maduro. The sanctions that matter would be on the oil industry but the report doesn’t hint that’s coming.
Baker Hughes US oil rig count This is a small bounce after weeks of declines. WTI is up 5-cents to $52.70 today. ForexLive
Is privacy really that valuable? Crypto is having a good day in general but Litecoin is roaring. It’s up 25% today to $43.27 to the best levels since November 15.
AUD/USD touched the lowest since Jan 4 earlier today The RBA was downbeat on economic and inflation prospects for the Australian dollar in a report today. It fell as low as 0.7061 but has rebounded to 0.7092.
We have the dates Mnuchin and Lighthizer will travel to Beijing and will meet with Chinese officials on Thursday-Friday, according to reports. Lower level talks will take place earlier in the week.
For a previews of the SoMP due from the RBA Friday 8 February 2019 check out these from earlier in the week: Although they are meeting (which happened on Tuesday) previews most contain a plook ahead to the Statement due tomorrow at 0030GMT
I posted earlier previews of the BoE at these links: – This now (in summary) from BNP: ForexLive
Previously the RBA had said again and again that the next rate move was likely to be up. Lowe relented in his speech today, admitting its more balanced: AUD/USD sent lower:
Reserve Bank of Australia Governor Lowe with a notable shift from previous expectations the next move would be up Now says the rate outlook is more evenly balanced
The Reserve Bank of Australia with their latest ‘Chart Pack’. This summarises macroeconomic and financial market trends in Australia and provides some information about developments for main trading partners